Grizzly Research posted a short report on its website claiming Trulieve Cannabis is a “fraud.” The firm known for short selling says on the ground due diligence, including drone footage, suggests that the majority of the company’s cultivation space comes from “hoop houses that produce low quality output that is prone to infestation and weather damage.” Further, Grizzly claims to have found “extensive ties between Trulieve and ongoing FBI investigations into corruption in North Florida.” Trulieve Cannabis shares are down to 2% to $11.70 in early trading.
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